Securitized Assets Junior PM, Financial Institutions Group - Associate

BlackRock•New York, NY

10d•$116,000 - $155,000•Hybrid

About The Position

BlackRock's Fixed Income team manages over $1 trillion in global fixed income assets. The Financial Institutions Group (FIG) is seeking a Securitized Assets Portfolio Manager to join their team. The FIG team manages a variety of Fixed Income portfolios for financial institutions, including over $100bn+ in Structured Products. The successful candidate will collaborate with Lead PMs to implement investment ideas sourced from BlackRock’s trading, research, and capital markets teams, ensuring alignment with portfolio guidelines and risk budgets. This role will contribute to alpha, yield, and idea generation by supporting the investment lifecycle and implementation. Team members develop analytics, reports, tools, and frameworks for performance attribution, risk monitoring, and custom portfolio solutions using asset allocation, portfolio construction, and risk management skills.

Requirements

BA/BS required.
Minimum 2 years of experience and knowledge of Fixed Income markets and Securitized Assets strongly desired.
Fixed income and general finance knowledge, including an understanding of bond math and risk.
Proficient in Python and handling large datasets, familiarity with SQL databases and working with data APIs strongly desired.
Ability to learn fixed income markets, including complexities of different issue types, liquidity, and trading.
Ability to grasp quantitative concepts of risk and exposure, and their application to portfolio management.
Technical skills including advanced Excel and Aladdin.
Ability to adapt quickly to changing market environments and perform under tight time constraints.
Strong problem-solving skills and attention to detail.
Good interpersonal skills.

Nice To Haves

Progress toward CFA a plus.
Previous experience in securitized asset origination or deal structuring a plus.
Knowledge of financial institution / insurance client portfolio management a plus (e.g. accounting considerations, income or yield-focused management)
SQL and programming experience a strong plus.

Responsibilities

Work alongside the asset-backed securities (ABS), collateralized loan obligation (CLO), commercial mortgage-backed securities (CMBS), and agency and non-agency residential mortgage-backed securities (RMBS) sectors to learn about the different aspects of each market, to form investment ideas and to monitor portfolios.
Partner with technology, research, and investment teams for ongoing improvements to achieve scalable practices in all aspects of the investment process (Portfolio Construction / Risk Management / Research / Attribution).
Drive experimentation of analyses and monitoring tools using generative AI to enhance technological solutions to investment processes.
Participate in the setup, evaluation, execution, and management of investments through new issue and secondary transactions.
Provide quantitative and analytical support to PMs investing in securitized securities.
Perform fundamental research on securitized deals and relative-value analysis to reach investment conclusions and make recommendations.
Organize and prepare materials related to new investments and existing holdings, including investment committee presentations and ongoing surveillance documentation.
Partner with both internal and external parties, including all major broker-dealers, to build relationships and continuously support communication channels.
Publish periodic sector updates and daily market information, as well as ad hoc client and internal presentations.
Work closely with the team’s Product Strategists to ensure smooth onboarding process and account activation for all new mandates and generating reports and analysis for client queries.
Contribute towards the client experience by participating in portfolio reviews and client pitches.
Provide information from conference calls, industry conferences, and discussions with management teams as well as research both industry-wide and company-specific issues.